GreyParrot is a UK-based provider of AI-based computer solutions to recognize and analyze waste flow at sorting and recovery facilities. The company offers an automated waste monitoring system, which can be deployed on moving conveyor belts in sorting facilities, to measure and provide insights on waste that can be recycled. The company’s software is stated to be flexible, and capable of being customized and integrated with different types of hardware.
As of February 2024, the company installed over 100 of its Greyparrot analyzers in recovery facilities in 14 countries.
Key customers and partnerships
In September 2023, Greyparrot partnered with NextGen Consortium, an industry collaboration for food-packaging recycling, and Closed Loop Partners, an investment firm, to study polypropylene (PP) recycling streams using AI technology. In December 2023, Greyparrot partnered with Re-Gen Waste, a UK-based waste management company, to implement analyzer units in the Re-Gen’s advanced MRF in Newry, Northern Ireland.
Funding and financials
In February 2024, GreyParrot secured USD 12.8 million from Bollegraaf to develop new products. In February 2023, the company received investment from Regeneration.VC. Previously, in May 2022, it raised GBP 8.9 million (~USD 11.2 million) in a Series A funding round led by Una Terra.
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